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Hong Kong firm's stock rallies 32,000% in 3 weeks to surpass Goldman Sachs in value
short by Hiral Goyal / on Friday, 5 August, 2022
Hong Kong-based financial company AMTD Digital's shares surged 32,000% in less than three weeks after listing in New York. Even though the shares have now lost more than half of their value, the company is still worth more than Goldman Sachs in terms of market capitalisation. Notably, AMTD reported just $25 million in revenue for the year ended April 2021.
read more at BQ Prime